How Many TKO Shares Did Vince McMahon Sell? Here’s Ex-WWE Boss’ Share in $21.4B Company

Vince McMahon’s name has yet again sprung up into the limelight. It seems the billionaire wasn’t done selling a chunk of his TKO shares back in November. And he’s here again, pulling out some more money from his defined seat in the blockbuster deal.

From coming out of a humiliating retirement last year primarily for orchestrating a sale of WWE to again retracing his steps signing off as the executive director and then eventually vacating his chair on the TKO board as well, the former WWE boss underwent a lot. And now, by reducing his share even more, he ensured that the McMahon factor in the company moving forward only diminishes.

Vince McMahon auctioned 5+ million TKO shares within six months of merger

UFC parent Endeavor Group purchased WWE for $103.95 a share in September as part of a monumental WWE-UFC merger. McMahon occupied the role of executive chairman of TKO. Later on in December, the Genetic Jackhammer moved forward in wrapping up his decade-long relationship with WWE. He ended up selling 8.4 million of his shares, which marked 25 percent of the total of his holdings. This amounted to a net market value of $700 million.

His imminent exit loomed large just a month later as a lawsuit held him accountable for sexual coercion, leading to his resignation. With this, he reportedly fell under the compulsion to sell more shares to compensate for his legal expenses.

Now, this Monday, it finally materialized with McMahon filing a sell option of 5.35 million shares of TKO for gross proceeds of $411.95 million—or $77 a share—as per a Form 144 filed with the Securities & Exchange Commission.

However, McMahon is still left with a bit of leverage in the company, with the rest of his shareholdings.

Where does Vince McMahon stand financially after the latest fire sale of his TKO share?

Despite encountering controversies throughout his career, McMahon has etched his status as a business mastermind that very few in the industry can compete with. To acknowledge his financial feat in the last few years, it’s pertinent to mention that Forbes listed him as a high-profile returnee on their billionaire list in 2018. Although, in 2023, his spot came down to 366 on the Forbes 400 list of billionaires,.It was a clear upshot of WWE’s multiple beneficial partnerships under his leadership.

As per the report, Mr. McMahon will still own a bit more than 15 million shares of TKO after the latest sale. WWE needs to see what awaits next for the wrestling business mogul in his highly spotlighted professional sphere. What’s your take on Vince McMahon selling more of his TKO shares after the legal controversy? Let us know in the comments.

Read more: After Merging WWE Into TKO, Vince McMahon Takes Another Unprecedented Move